Squarepoint Ops LLC grew its stake in GrafTech International Ltd (NYSE:EAF) by 159.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,500 shares of the company’s stock after buying an additional 53,153 shares during the quarter. Squarepoint Ops LLC’s holdings in GrafTech International were worth $990,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. bought a new position in GrafTech International during the third quarter worth about $4,476,376,000. Federated Investors Inc. PA boosted its stake in shares of GrafTech International by 42.8% in the 3rd quarter. Federated Investors Inc. PA now owns 5,442,125 shares of the company’s stock valued at $106,176,000 after purchasing an additional 1,630,328 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of GrafTech International by 38.3% in the 3rd quarter. Vanguard Group Inc now owns 4,789,754 shares of the company’s stock valued at $93,448,000 after purchasing an additional 1,325,892 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of GrafTech International by 38.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,789,754 shares of the company’s stock valued at $93,448,000 after purchasing an additional 1,325,892 shares in the last quarter. Finally, Lancaster Investment Management LLP acquired a new stake in shares of GrafTech International in the 4th quarter valued at approximately $13,553,000.
A number of equities research analysts have recently weighed in on the stock. Citigroup downgraded shares of GrafTech International from a “buy” rating to a “sell” rating and set a $13.93 price target on the stock. in a research note on Monday, April 22nd. Zacks Investment Research upgraded shares of GrafTech International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.70.
GrafTech International (NYSE:EAF) last released its quarterly earnings data on Friday, February 8th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.08. The company had revenue of $532.80 million during the quarter, compared to analyst estimates of $487.67 million. GrafTech International had a net margin of 45.06% and a negative return on equity of 100.98%. The company’s quarterly revenue was up 176.8% compared to the same quarter last year. On average, sell-side analysts forecast that GrafTech International Ltd will post 2.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were paid a $0.085 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $0.34 annualized dividend and a dividend yield of 2.90%. GrafTech International’s dividend payout ratio is currently 11.85%.
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GrafTech International Profile
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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